ResistanceDXY actually strong down trend but low previous level of support supply level but no have any confirmation still drop or push up one more thing happen next coming week USD 75% weak event
Amanatt
DOUBLE TOP FORMATIONHOW TO FIND ZONES
Zones are those spots on the chart where price has repeatedly reversed.
However, it may be difficult at first for you to find these zones on the chart.
There are several sneaky shortcuts that you can use to help develop an eye
for finding zones. Some zones are extremely obvious and easy to find. Other
zones are a little bit trickier and may be difficult for you to identify if you
have not had experience finding zones on the chart. Please keep in mind
these three shortcuts when you are drawing your zones on the chart.
1. Start with a higher time frame chart.
2. Use a line chart to find the zones on the chart.
3. Ignore minor zones.
side way movement A sideways market, or sideways drift, occurs where the price of a security trades within a fairly stable range without forming any distinct trends over some period of time. Price action instead oscillates in a horizontal range or channel, with neither the bulls or bears taking control of prices.
Level Of ResistanceSupport and Resistance Levels Trading Strategy. What is support and resistance? Support and resistance levels are horizontal price levels that typically connect price bar highs to other price bar highs or lows to lows, forming horizontal levels on a price chart.
DOUBLE TOP FORMATION HOW TO FIND ZONES
Zones are those spots on the chart where price has repeatedly reversed.
However, it may be difficult at first for you to find these zones on the chart.
There are several sneaky shortcuts that you can use to help develop an eye
for finding zones. Some zones are extremely obvious and easy to find. Other
zones are a little bit trickier and may be difficult for you to identify if you
have not had experience finding zones on the chart. Please keep in mind
these three shortcuts when you are drawing your zones on the chart.
1. Start with a higher time frame chart.
2. Use a line chart to find the zones on the chart.
3. Ignore minor zones.
lower high Forex high and low strategy. The forex high and low strategy is based on the concept that if the price of a currency pair moves past the previous day's high or low, then the market will continue in that direction of breakout.
The forex high and low strategy is based on the concept that if the price of a currency pair moves past the previous day’s high or low, then the market will continue in that direction of breakout. Note that with this strategy, the time period of consideration is one day. Therefore, this strategy can do well for day traders who close out all their positions in the forex market before the end of the day.
Usually, in a forex chart, there is a point that shows the highest the value of a currency pair has ever reached considering a period of time, and there is also a point that shows the lowest value of the currency within the same period of time. These are known as the highest high and the lowest low, or the resistance and support level. Given to the volatile nature of the market, it is possible for the price of a currency pair to move above or below the previous day’s resistance and support levels. When this happens, there is said to be a breakout in the trade.
The general idea of the forex high and low strategy is that the kind of breakout explained above happen almost on a daily basis. If this is the case, it will be wise to pattern a strategy that will take advantage of this frequent occurrence; thus the forex high and low strategy.
The Cypher PatternThe Cypher Pattern
The Cypher pattern starts with the X and A points.
Point B retraces to the 0.382 – 0.618 Fibonacci level of the leg XA.
Point C is formed when prices extend the XA leg by at least 1.272 or within the 1.130 – 1.414 Fibonacci extension.
Point D is formed when it retraces the 0.782 Fibonacci level of XC
support zone Support
Support is an area on a chart that price has dropped to but struggled to break below. The diagram above shows how price drops down to the area of support and subsequently ‘bounces’ sharply from this level.
In theory, support is the price level at which demand (buying power) is strong enough to prevent the price from declining further. The rationale is that, as the price gets closer and closer to support, and becomes cheaper in the process, buyers see a better deal, and are more likely to buy. Sellers become less likely to sell, since they are getting a worse deal. In that scenario, demand (buyers) will overcome supply (sellers) and that will prohibit price from falling below support.
simple elliot wave112.831 is a retest zone and support zone of previous zones ..trend-line was broken, so i see a retest at 112.831 then Elliot wave 3 begins its spike upwards to 113.431 should be our 1st take profit and 113.989 should be our second take profit....
